A successful approach proposed by Deloitte

Monday, June 25th, 2007 - From 3:30pm to 6pm

Public companies listed in Japan will have to comply by March 31, 2009 with the Japanese Financial Instrument Act promulgated in June 2006. This Act is also referred to as J-SOX and is much inspired by the section 404 of the US Sarbanes-Oxley Act.

Pursuant to this Act, Japanese listed companies and a portion of their subsidiaries operating in various geographies,will have to meet a set of requirements:

• Documentation of internal control for those processes impacting the financial reporting and the control environment (Internal Control over Financial Reporting – ICFR);
• Evaluation of the design and operating effectiveness of ICFR;
• Attestation by Management to the ICFR reporting any identified material weaknesses; and;
• Independent attestation by the external auditor.

What is the right approach to retain?What are the associated deadlines? To what extent does internal control need to be documented? What is the expected involvement of management and personnel? What does the attestation to ICFR mean for Management?

Our experts have been working on these aspects for a number of months and have gained a significant experience in J-SOX projects conducted for major corporations. Eric Dugelay, Marc Bittoun and Masayuki Hara will share the approach Deloitte has developed to successfully undertake your J-SOX project.